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TikTok CEO grilled in front of Congress, Coinbase's Wells Notice & Do Kwon arrested | E1705
This Week in Startups
Why Would TikTok Shareholders Not Take Hundreds of Billions of Dollars?
The CEO of TikTok is an outright liar and a pawn in this game. The shareholders aren't making the decision that Chinese Communist Party is. It's hard to find engineers. And, hey, you're trying to keep your burn rate low. You need to conserve cash. Why would China risk being banned and getting $0 instead of getting tens of billions to hundreds of billions of dollars by simply taking the company public and divesting?
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